Manhasset School Superintendent Charles Cardillo said Tuesday the elimination of the Gap Elimination Adjustment by the state Legislature in the week’s state budget vote will bring the district an additional $426,748 for the 2016-17 school year.
Cardillo said the district had anticipated the money and included it in the district’s $92 million proposed budget — a 1.8 percent increase in spending from last year.
“We know this was coming and we have included it in our budget because we were in contact with our legislators and they’ve told us how much we were getting,” he said.
The budget at the allowable 1.23 percent tax levy cap represents an eight-year tax levy average increase of 1.79 percent and 1.71 percent spending increase, Cardillo said last month.
The Gap Elimination Adjustment was first introduced by state legislators in 2010 to cover a large state budget deficit at public school’s expense.
Cardillo said he is concerned how the Gap Elimination Adjustment elimination affects the state aid the district gets in the 2017-18 year.
“I don’t know. We have to wait till then,” Cardillo said. “We have to wait to see what state legislators offer next year.”
The district will receive $4,190,256 in state aid for the 2016-17 school year.